3M Company (MMM) price prediction for 2022
Predicted price range for 3M Company Our trading algorithm values 3M Company (MMM) to be fairly valued. ###PLOTLYGRAPH### The red lines in this plot …
Read ArticlePredicted price range for Lam Research Corp
Our trading algorithm values Lam Research Corp (LRCX) to be strongly undervalued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | strongly undervalued |
| Current trend | uptrend |
| Buy/Sell Recommendation | Strong Buy |
| Current Price | $315.42 |
| 60 Day Prediction | $355.99 |
| 60 Day Pred - Lower Bound | $320.46 |
| 60 Day Pred - Upper Bound | $391.51 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = 0.142 * nr_days_in_the_future + 351.738
Based on this information, our algorithm recommends the trading decision: Strong Buy. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
LRCX traded at $315.42 this Tuesday October 18th, loosing $-11.63 or -3.69 percent since last week.
Looking back, over the last month, LRCX has been loosing $-83.23 or -26.39 percent.
Over the last year, it has been loosing $-240.0 or -76.09 percent.
Seasonality of Lam Research Corp
Using our AI model, we have been analyzing the value change for Lam Research Corp depending on the day or month of a year. This can be seen in the following graph:
